About the jobWe are looking for an Internal Audit Head for our Fintech client.Salary: up to 200kSchedule: Monday to Friday, dayshiftSet-up: RemoteIndustry: FintechThe Head of Internal Audit is responsible for the overall audit project management activities of the bank and ensures the operations of the bank complies to the major regulations by implementing thorough assessments.ResponsibilitiesPrioritize internal audit processes based on risk assessmentsPlan, develop, and scope the audit test planPerform independent and reliable assessments of the effectiveness of the bank’s risk management activities and its internal control environmentReview internal processesEvaluate and examine the effectiveness and adequacy of the internal control systemsReview processes of external partnersMonitor exceptions and reports and provide feedback to partner-facing teamsSystems/IT auditBoard reportingResponsible for resolving material issues and giving relevant recommendations to Senior ManagementReporting audit resultsEnsure adequate AML coverageReview AML CTR and STRAs per regulation, this position will report directly to the independent Risk and Audit Committee of the Bank. The position will be independent of the Management but will work closely with the management of the bank in the implementation of the responsibilities.Required skills and qualificationsThis position requires expertise in control functions, while also understanding the implications of these functions on business operations to ensure the functions are implemented in a client-friendly manner.The specific areas of expertise seen in the candidate will include:Leadership of internal audit functionsDefinition of an audit planDefinition of audit timetableOversight of audit functionsManagement of internal and external reviewsExperience in policy developmentClear and concise writingTechnical expertise in audit activities, including:Expertise in Auditing and Accounting Principles: Comprehensive knowledge of auditing standards, accounting principles, and financial reportingRegulatory Knowledge: Familiarity with banking laws, regulations, and compliance requirements, including understanding both local regulations and international standards such as the Basel AccordsRisk Management: Ability to identify, assess, and manage risks across all areas of the bank, including credit, market, operational, and liquidity risksAnalytical Skills: Strong analytical skills to evaluate data, assess control environments, and make recommendations based on findingsCommunication Skills: Excellent verbal and written communication skills to report findings to the bank’s management and board, and to liaise with regulatory bodies; ability to work closely with partners to complete audit assessmentsLeadership and Management Skills: Ability to lead and manage the internal audit team, including planning and assigning work, mentoring staff, and evaluating performanceTechnology Proficiency: Understanding of information systems and technology as they relate to auditing processes; familiarity with audit software and the ability to assess IT controlsCritical Thinking and Problem-Solving Skills: Ability to think critically, solve problems efficiently, and provide practical recommendations to improve the bank’s operations and control environmentEthical Judgement and Professionalism: High ethical standards and professionalism to maintain confidentiality of information and remain objective and independent in the audit processContinuous Learning: Commitment to continuous professional development to stay up-to-date with changes in the banking sector, auditing standards, and regulationsMust haveAt least 10 years of Internal Auditing experience, preferably from the Banking/Fintech industryAt least 5 years of Senior Management experience in Internal Auditing
